Wells Fargo Junior Accountant Interview Questions and Answers

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Q1. Type of derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be categorized into options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specific price within a specific time frame.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified date in the future.

• Forwar...read more
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Q2. What is NAV and its formula
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NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities.
• NAV is calculated by subtracting the total value of a fund's liabilities from the total value of its assets.

• The formula for NAV is (Total Assets - Total Liabilities) / Total Number of Outstanding Shares.

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund or ETF.
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Basic accounting questions

Q1. What is financial market
Ans. 
Financial market is a platform where buyers and sellers trade financial securities, commodities, and other fungible items.
• Financial markets facilitate the exchange of assets such as stocks, bonds, currencies, and derivatives.

• They provide a platform for companies to raise capital through issuing stocks or bonds.

• Financial markets can be categorized into primary markets (new securities are issued) and secondary markets (e...read more
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Q2. What is investment banking
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Facilitates mergers and acquisitions

• Underwrites securities offerings

• Provides financial advisory services

• Assists with raising capital for clients

• Engages in trading and market-making activities
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Q3. What is Net Asset Value
Ans. 
Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
• NAV is calculated by subtracting the fund's liabilities from its assets.

• The result is then divided by the number of shares outstanding to determine the NAV per share.

• NAV is used to determine the price at which investors can buy or sell shares of the fund.

• It is an important metric for investors to tra
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Q1. Tell me about yourself
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Q2. Journal entries
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Q3. Talk on current affairs
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Q1. All about derivatives
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Q2. All About Journal entries
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Q1. Talk me through your CV
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Q2. Why do you want to work here
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Q1. Accounting Standards
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Q2. International financial reporting
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Q1. Tell me about yoursel
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Q2. Accounting related
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Q1. Waht is a bond, type of financial markets, type of capital market
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Q2. Capital market and money market
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Q3. Primary, Right issue, private placement,qlb AdR,GDR,IDR
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Q4. Primary market secondary market
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Q5. Public for the purpose raising capital
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Interst rate and bond price

Which of the following terms is not related to stock exchange

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